KEDE Numerical Control Co (SHSE:688305) ROCE % : 5.89% (As of Sep. 2024)

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What is KEDE Numerical Control Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. KEDE Numerical Control Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.89%.

KEDE Numerical Control Co ROCE % Historical Data

The historical data trend for KEDE Numerical Control Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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KEDE Numerical Control Co ROCE % Chart

KEDE Numerical Control Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.83

6.90

11.44

6.57

9.81

KEDE Numerical Control Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.20	13.99	5.39	9.96	5.89

KEDE Numerical Control Co ROCE % Calculation

KEDE Numerical Control Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	115.336	/	( ( (1336.613 - 200.753)	+	(1499.732 - 283.952) )	/ 2 )
	=	115.336	/	( (1135.86	+	1215.78)	/ 2 )
	=	115.336	/	1175.82
	=	9.81 %

KEDE Numerical Control Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	109.104	/	( ( (2161.39 - 321.775)	+	(2235.708 - 367.644) )	/ 2 )
	=	109.104	/	( ( 1839.615	+	1868.064 )	/ 2 )
	=	109.104	/	1853.8395
	=	5.89 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

KEDE Numerical Control Co (SHSE:688305) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

KEDE Numerical Control Co ROCE % Related Terms

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KEDE Numerical Control Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KEDE Numerical Control Co Ltd (SHSE:688305) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Huanghai Street, Economic and Technological Development Zone, Liaoning Province, Dalian, CHN, 116600

Website

https://www.dlkede.com

KEDE Numerical Control Co Ltd is engaged in the research and development, production, sales and service of high-end five-axis linkage CNC machine tools and key functional components, and high-end CNC systems.

Executives

Li Wen Qing	Senior management, core technical personnel
Du Zhang Lin	Core technical personnel
Yin Yun Zhong	senior management
Hou Yan Xing	Core technical personnel
Chen Hu	Directors, senior managers, core technical personnel
Wang Xue	Core technical personnel
Cai Chun Gang	Core technical personnel
Yu Ben Hong	Director
Zhu Li Hua	Directors, senior managers
Tang Hong Tao	senior management
Li Jing Ming	senior management

KEDE Numerical Control Co Headlines

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